Expected Regret

In reading some hedge fund research papers, I came across the term "expected regret". I feel like it can be applied to real life... as I understand it, expected regret is average underperformance of X compared to some benchmark performance Y. Obviously you want to minimize expected regret. Sounds like game theory of dating or life or something, haha. There's definitely some potential here.

Definition:

Expected Regret

Expected Regret is defined as the average portfolio underperformance comparing to a fixed target or some benchmark portfolio.

There is a close relationship between Expected Regret and Conditional VaR (=expected loss exceeding an alpha-Value-At-Risk, i.e. the mean of the worst (1-alpha)*100% losses in a specified time period).

JBKO

"To transcend the ordinariness that Jackie so feared in youth meant feasting on a diet of discipline and restraint."

- excerpt from my friend Christine J's book What Would Jackie Do?

I've always thought that being condemned to - or worse, resigning to - ordinariness would be a horrible fate.

"Nothing tastes as good as skinny feels."

- Kate Moss

It's a bit out of context, but noteworthy nonetheless.

Rugby.com

Speaking of finding the meaning of life, everything I've done will obviously lead me to be the editorial/creative person for Rugby.com. Not only do they have insightful films in 16mm, vintage-style clothing, and New England tradition, but Rugby.com (and the company) has great music.

The insightful part was a joke, by the way.

Anyway, check out the website

and look at my favorite pieces online (some of the stuff I really like isn't on the website for some reason!)